Ensure quality construction of DDA flats: Lt Governor Najeeb Jung

DELHI: Lt Governor Najeeb Jung has directed the Delhi Development Authority officials to pay special attention on the quality of DDA flats so that there are no complaints from consumer.

Jung also emphasized the need for streamlining the system of conversion of property from leasehold to freehold so that there is no inconvenience to the general public and there are no delays, a DDA official said in a press release.

"He advised that timelines for disposal of each department be fixed and monitored so that there are no slippage of time and there is no intentional delays or coordination problems in conversion cases," the release said.

Further DDA informed that the allotment of 60 flats out of the vacant available flats at CWG Village to Delhi Government was also approved and modalities for operationalizing enhanced FAR as contained in MPD-2021, were also approved.

DDA has also approved the change of land use, from recreational to utility, at Dhaula Kuan for construction of relay station for Mukandpur-Yamuna Vihar Corridor Line-7 of DMRC, the statement added.

DELHI: Retaining the bar on Sahara group chief Subrata Roy's visits abroad, the Supreme Court on Thursday asked his two real estate companies to disclose in two weeks the source of the Rs 20,000 crore these claimed to have refunded to the investors in their optionally fully-convertible debentures (OFCDs).

DELHI: While purchasing a property, it always helps to have someone who knows the market inside-out. A genuine property brokerage firm fills in this gap between you and the market. Let’s find out the reasons one should opt for such a firm:

DELHI: In what will give a boost to construction activity in NCR, particularly Gurgaon, the Haryana government has decided to allow mixed land use in commercial zones notified in the master plan. The government’s move will allow realtors to build residential properties in commercial complexes.

DELHI: The urban development ministry has prepared a draft cabinet note to denotify 123 properties in prime locations in Delhi, and to transfer the ownership rights to the Delhi Wakf Board in a way annulling their acquisition by the British government between 1911 and 1915.

DELHI: Bharat Hospitality group that owns the Lalit hotel chain has opened its doors in Chandigarh. The Lalit Chandigarh, a five star property with 179 keys was set up with an investment of Rs. 400 crore. The property is spread across four acres in Chandigarh's Rajiv Gandhi IT Park.

DELHI: Absorption of prime office space in the National Capital Region (NCR) grew around 14% in the October-December 2013 quarter compared to the previous quarter, touching 1.7 million sq ft, according to property consultancy CBRE. The previous quarter saw a total leasing of 1.5 million sq ft.

DELHI: Manoj Pradhan, who is set to retire in five years, has two properties. Since he has taken a home loan, one of these is mortgaged with the bank. He gets a concessional rate as he is a bank employee and hasn't prepaid the loan. He is banking on his pension, rent and investment returns for post-retirement needs. He isn't sure if he should repay the loan before he retires or allow it to continue. He needs help in taking the decision.